Twamev Construction and Infrastructure Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025.
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Twamev Construction and Infrastructure Limited held its 60th AGM on September 24, 2025 via video conferencing, lasting 45 minutes (11:00 AM to 11:45 AM) with 43 members in attendance. Six ordinary business items were transacted, including adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Whole-time Director Tarun Chaturvedi (retiring by rotation), re-appointment of M/s J Jain & Co. as Statutory Auditors for FY 2025-26, ratification of Cost Auditors' remuneration, and appointment of M/s MR & Associates as Secretarial Auditors for a 5-year term. A special resolution was also passed to alter the Memorandum and Articles of Association. Notably, the management disclosed that while the standalone financial statements are clean, the consolidated financial statements for FY 2024-25 contain audit qualifications. Voting results will be declared separately after the scrutinizer submits his report.
The audit qualification on the consolidated financials is a negative red flag for investors, suggesting potential concerns in the group's combined financial reporting. Otherwise, the meeting agenda is largely routine, and shareholders should watch for the voting results and scrutinizer's report for confirmation of resolution outcomes.